Virgin Money and Clydesdale Bank are to follow Accord by temporarily withdrawing  90 per cent loan-to-value deals at 8pm this evening.

The lenders, which are part of the same group, will continue to offer 90 per cent LTV product transfer deals for existing borrowers, but purchase and remortgage deals will no longer be available as they seek to “protect the service for existing applications in our pipeline”.

Earlier today Yorkshire Building Society’s intermediary arm Accord announced that it was temporarily suspending lending at 90 per cent LTV after being flooded with applications.

In an email to brokers this afternoon Virgin and Clydesdale announced they were following suit.

The email says: “Supporting the housing market is in our DNA and we hope to help more of your clients again soon. 

“We will continue to manage this closely and will let you know as soon as we can launch 90 per cent LTV products.”